Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
  • Cap Rate: 11.0%
  • Listing ID: 445698
  • Posted On: May 28, 2014
  • Updated On: Sep 5, 2014

Description

31 units on 10 acres, quiet, country park. All homes are park owned. Close to gate 2 of Fort Gordon. 28 mobile homes, 1 duplex, 1 single family home included. Park in desirable Columbia County--better schools are a huge draw, quiet area in the country surrounded farmland & woods, gravel/dirt roads, approval from the county to add more homes already granted.

Rents in the park are low and could be raised as high was $475+ per unit (current average is $375).

Owner financing or assumable debt possible with good credit and down payment.

3566 Gordon Highway, Grovetown, GA 30813, 10+ acres, approximately 4 miles from Gate 2 of Ft. Gordon Army Base, 14 minute drive to I-520. Ft. Gordon set to see 10% increase in workforce by 2018.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 31
Total Occupancy: 90.0 %
Year Built: 1975
Average MH Lot Rent: $375
Size: 10 acre(s)

Financial Information (Actual)

Gross Income: $127
Operating Expense: $64
Net Operating Income: $63
Expense Ratio: 50.4 %
Debt Info: Seller Carry Back Note

Park-Owned Homes

Number of Park-owned Homes: 31
Average Rent for Park-owned Homes: $375

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